Skip to main content

The Wealth Files


Seventeen Ways Rick People Think and act differently from poor and middle class people


Everything begins with your thoughts which are produced by your mind.

The only thoughts you can have about money will be what are stored in your money file. That's all you can think about, because that's all that it is in your mind under that category.

You decide based on what you believe is logical, sensible, and appropriate for you at the time. You make what you think is the right choice. The problem, however, is that your right choice may not be a successful choice. In fact, what makes perfect sense to you may consistently produce perfectly poor results.

The first step to any change is awareness, meaning the first step to thinking the way rich people think is to know how prich people think.

Wealth principle: You can choose to think in ways that will support you in your happiness and success instead of ways that don't.

Most people understand we are creatures of habit, but what they don't realize is that there are actually two kinds of habits: doing habits and not doing habits. Everything you are not doing right now, you are in the habit of not doing. The only way to change these not doing habits into doing habits is to do them. Reading will assist you, but it's a whole different world when you go from reading to doing. If you are truly serious about success, prove it, and do the actions suggested.

Comments

Popular posts from this blog

 Do not cut profits short and cut losing positions fast. Once people can turn their mindset from a problem focus to a solution focus, they can identify the adaptive things that they are already doing and do more of them. You will not become a better trader by emulating a market guru. You will become a better trader by identifying the occasions when you are already trading well and then modeling your future performance on those. If you are struggling with your trading, thinking of hanging it up, you need to identify your own collage the things you are currently doing that break your problem patterns. The most helpful part of a fearless trading inventory is the firsthand recognition that, even amidst failure, one does indeed harbor the seed of success. Entering a facilitative physical state is one of the quickest ways of placing oneself in a winning frame of mind. Even the solution that seems the smallest can serve as an anchor for life altering change. -Taking breaks from trading Tr...

Indecision

Procrastination robs you of opportunity. It is a significant fact that no great leader was ever known to procrastinate. You are fortunate if ambition drives you into action, never permitting you to falter or turn back once you have rendered a decision to go forward. You may be shocked if you kept accurate account of the time you waste in a single day. Second by second, as the clock ticks off the distance, time is running a race with you. Delay means defeat, because no one may ever make up a second of lost time. Wasted time is one of the chief causes of failure. Time is also, however, a master worker that heals the wounds of failure and disappointment, and rights all wrongs and turns all mistakes into capital. But it favors only those who kill off procrastination and remain in action when there are decisions to be made. Life is a great checkerboard. The player opposite you is Time. If you hesitate you will be wiped off the board. If you keep moving you may win. The only real capit...

INSIGHTS

 Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. -John Adams